We are committed to helping everyone build a strong, balanced portfolio that can combat any market shift and volatility. Our customers will have everything they need, from quality information, to secure trading exchange in one place – The Eventum Platform.
Eventum is the world's first decentralized platform where the truth is sourced from the crowd and then automatically turned into a real-time API. Reporters get paid for what they see and experience, while developers get any data they want more cheaply and reliably.
The validation fee is approximated when the market is created. Since the approximations can be off, the platform
requires the developer to “lock-in” X-times the approximated amount. The fees used to pay validation nodes are set
by the validation node owners themselves. Every validator can decide what is the minimum fee they are willing to
validate for. This market dynamic forces the validation market to strive towards and reach supply-demand
equilibrium. If the minimum fee that is required to validate data is changed during the events, the developer can
increase/decrease the fee. This fee increase/decrease can occur automatically or manually by the developer (he can
opt-in to be notified of these changes).
While the fees are primarily paid in EVT, it is possible to use other ERC-20 tokens. To incentivise the use of our
token and ensure that validation nodes are still consistently paid in EVT, all other ERC-20 tokens will be
automatically exchanged to EVT on decentralized exchanges. Additionally, paying fees with other ERC-20 tokens
will increase the fee for N% (N never being under 1%). N is calculated based on how many developers decide to use
other ERC-20 tokens to pay the fees, rising when the ratio goes up and falling when it goes down. This mechanic
keeps the token viable and usable while at the same time letting developers use other tokens if they choose to.
About more information
WHITEPAPER: https://eventum.network/Eventum-whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2992193.0
TELEGRAM: https://t.me/eventum_network
TWITTER: https://twitter.com/eventum_network